Tag archives for real estate investor news

Houston to Incentive Market-Rate Home Construction

In an unusual move, the city of Houston plans to reimburse as much as $20 million in costs for putting in public water and sewer lines, storm drainage systems, roads and parks in an effort to bolster economic development. The city will provide funding and reimbursements to InTown Homes, a local developer, through its Housing and Community Development Department, a Read full article »

Bank Settlement Numbers on the Rise

Martha Coakley, state attorney general for Massachusetts, has high hopes for a settlement with banks to resolve the robo-signer fiasco and other foreclosure-related procedural flaws once and for all. Coakley describes her team’s goal “all along is to stop this flow of unnecessary foreclosures and clear up titles”. She believes that $25 billion could go a long way toward solving Read full article »

14 Percent of BofA Mortgages Have a Shot at HAMP

In a recent sampling of 60-day (or more) delinquent mortgages, Bank of America determined that only 14 percent of them could qualify for a permanent HAMP loan modification. As Republicans in Congress take aim at HAMP and other government-sponsored homeowner assistance programs, numbers like these – in conjunction with the high costs of running such programs – are likely to Read full article »

Double Jeopardy: Taxpayers Could be on the Hook (Again) if GSE Loses Lawsuits

As if it is not bad enough that taxpayer money (in the amount of more than $100 million) is being used to defend Fannie Mae executives accused of accounting fraud, taxpayers stand to be on the hook for the damages if those executives are convicted. Investors who are suing government-controlled Fannie Mae for the losses that they sustained due to Read full article »

Florida Foreclosure King Shuts Down

David J. Stern law offices will be closing at the end of the month. The Florida-based law firm that was squarely at the heart of much of the brouhaha surrounding the robo-signing fiasco and associated investigations of foreclosure mismanagement has announced that it will cease foreclosure law practice at the end of the month. DJSP Enterprises, Inc., one of David Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.